Regulation radar

Bills and regulator releases that touch XRP, stablecoins and digital-asset markets, by country. Bills are shown by stage, releases by how close they are to XRP. Big decisions go out as alerts.

• USCLARITY Act (market structure)

  Sets in law whether digital assets are securities or commodities and which regulator oversees them; listing and institutional access for assets like XRP depend on it

  Stage: Other chamber (4/6)

  1. Introduced
  2. Committee
  3. One chamber
  4. Other chamber
  5. Both
  6. Law

  September 15, 2026Motion by Senator Tillis to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 234) entered in Senate.

• USGENIUS Act (stablecoins)

  Sets requirements for US dollar stablecoin issuers; RLUSD-type stablecoins follow its issuance and reserve rules

  Stage: Law (6/6)

  1. Introduced
  2. Committee
  3. One chamber
  4. Other chamber
  5. Both
  6. Law

  July 18, 2025Became Public Law No: 119-27.

• USAnti-CBDC Surveillance State Act

  Bars the Fed from issuing a retail digital dollar; if passed, private stablecoins gain room

  Stage: One chamber (3/6)

  1. Introduced
  2. Committee
  3. One chamber
  4. Other chamber
  5. Both
  6. Law

  July 17, 2025Motion to reconsider laid on the table Agreed to without objection.

• KoreaKorea Digital Asset Basic Act (incl. won stablecoins)8 related bills

  Covers issuance, trading and exchange rules for digital assets in Korea and won stablecoin requirements

  Stage: In committee (2/6)

  1. Proposed
  2. In committee
  3. Committee passed
  4. Legislation cmte
  5. Plenary passed
  6. Promulgated

  November 24, 2025The Bill on the Market and Industry of Digital Assets is under review by the National Policy Committee.(Korea National Assembly bill info)

• KoreaKorea phase-2 virtual asset legislation22 related bills

  Follows the 2024 user-protection act with issuance, disclosure and business rules

  Stage: In committee (2/6)

  1. Proposed
  2. In committee
  3. Committee passed
  4. Legislation cmte
  5. Plenary passed
  6. Promulgated

  June 4, 2026The partial amendment to the Act on the Protection of Virtual Asset Users, etc. is under review by the National Policy Committee.(Korea National Assembly bill info)

• JapanJapan FIEA amendment (crypto assets)

  Treats crypto assets as financial products, linked to insider-trading rules and tax changes; Japan is a large XRP market

• D-28November 23, 2026Comment deadline: OCC proposed information collection and forms for stablecoin issuers.
• D-42December 7, 2026Comment deadline: SEC publishes proposed custody rules for advisers, funds, and crypto
• D-49December 14, 2026Comment deadline: CFTC publishes rule on crypto asset transactions and markets

• USMajorStablecoins/market structureFederal Register · Treasury Department, Comptroller of the CurrencyOctober 23, 2026
  OCC proposed rules to implement the stablecoin issuance act.

  Original: Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency

• USMajorStablecoins/market structureFederal Register · Treasury Department, Comptroller of the CurrencyOctober 23, 2026
  OCC proposed information collection and forms for stablecoin issuers.

  Original: